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A lottery company has topped the list of biggest political party sponsors in India.

یک شرکت بخت‌آزمایی (لاتری) در صدر فهرست  حامیان بزرگ مالی أحزاب سیاسی در هند قرار گرفته است.

Donations are made under an electoral bond scheme that keeps donors and companies anonymous. Future Gaming and Hotel Service is the largest known political party funder, having acquired bonds worth 13 billion rupees ($156.7 million) from April 2019 to January 2024. The ruling Bharatiya Janata Party, led by Narendra Modi, has been the biggest beneficiary of the bailouts, owning almost half of the 120 billion rupees worth of bonds that were bailed out between 2018 and 2024. Prime Minister Narendra Modi launched the Electoral Bond Scheme in 2018.

The plan was supposed to make political spending more transparent, but critics say it backfired and made the process more opaque. Last month, India’s Supreme Court banned the plan, calling it “unconstitutional.” This court ordered the Election Commission to disclose the details of political party sponsors to the people. As a result, the State Bank of India (SBI) was ordered to provide the bond information to the election authorities. Under this plan, sponsors can buy electoral bonds in fixed denominations of 1,000 to 10 million rupees (about $12,000 to 121,000 dollars) from the state-owned bank and give them to political parties to convert them into cash. Data released by the Election Commission shows that the top contributors have been India’s largest lottery company, major construction companies, major mining companies and Indian telecommunications companies. The regional Trinamool Congress party in West Bengal came in second with Rs 16 billion in donations through electoral bonds.

While the opposition party Congress received 14 billion rupees. Congress party spokesperson Jairam Ramesh claimed that the information showed corruption in the ruling Bharatiya Janata Party: “There are many cases where companies have donated electoral bonds and immediately after that they got huge profits from the government.” India’s Supreme Court on Friday ordered the country’s state-owned bank to disclose unique figures on electoral bonds, exposing links between donors and political parties.

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